Bitcoin To $40,000? Signal Behind Past 60% Crashes Is Back

A cryptocurrency analyst has pointed out how a technical analysis (TA) signal that led into major price declines in the past has returned for Bitcoin. Monthly MACD Has Turned Bearish For Bitcoin In a new post on X, analyst Ali Martinez has talked about a signal that has formed in the Moving Average Convergence/Divergence (MACD) for Bitcoin. MACD is a TA indicator that’s generally used for timing buys and sells in an asset’s price chart. Related Reading: USDC Floods Exchanges: Are Traders Buying The Bitcoin Crash? The indicator consists of two lines: MACD line and signal line. The first of these, the MACD line, is found by subtracting the 26-period exponential moving average (EMA) of the price from its 12-period EMA. The signal line tracks the 9-period EMA of this difference. Crossovers between the two lines can provide buy or sell signals for the asset. The MACD line breaking above the signal line could be considered a bullish signal, while the reverse type of crossover a b